Live Insurance News

Pet insurance bill in California could provide industry with regulation

August 6, 2014August 4, 2014 Julie Campbell

A new bill in front of the legislature in the state would help to tell customers exactly what coverage they have. Should a new bill that is currently before the California legislature pass, it will mean that pet insurance companies will be required to provide greater disclosure to their customers regarding what precisely will be covered by the policies that they have sold. This type of insurance policy is becoming increasingly popular but there has yet to be an industry coverage standard. Many dog and cat owners are finding that…

Pet insurance company goes public

July 24, 2014July 22, 2014 Julie Campbell

Things to consider when searching for pet insurance

Trupanion Inc. has now started trading on the New York Stock Exchange and is off to a strong start. At a time in which pet insurance is truly beginning to take off throughout Europe – though not yet as much in the United States – an insurer has now gone public in the U.S., and its initial successes appear to reflect the opinion of investors that Americans are ready to start purchasing coverage for their dogs and cats in considerably larger numbers. At the moment, only about 2 percent of…

Pet insurance is offered by a growing number of companies

July 18, 2014July 15, 2014 Julie Campbell

Though traditionally a very small market, as the popularity of these products take off, insurers are taking notice. When it comes to pet insurance, companies are now starting to see a far greater opportunity than was ever available before, as owners start to consider animals as furry family members instead of a beast that is somewhat disposable. The importance of these animals – especially dogs and cats – has lead to massive advancements in veterinary medicine. While the evolution of veterinary medicine has made it possible to provide these animals…

Pet insurance legislation changes moving forward in California

July 9, 2014July 7, 2014 Julie Campbell

The State Legislature has the power to put a new set of regulatory requirements into place. The pet insurance industry is growing nearly as fast as the animal companion market, itself, and it is now getting ready to face a range of new regulatory requirements in the case the legislation in front of the California State Legislature should move ahead. The new bill being considered was sponsored by Insurance Commissioner Dave Jones. AB 2056 would work to improve consumer protection by way of “bringing uniformity to policy language and disclosures,…

Pet insurance claims seem to be getting weirder

June 10, 2014June 9, 2014 Julie Campbell

The Pets Best insurer has released another annual list of strange claims for the summer months. A leading nationwide pet insurance company has now released its annual list of the most bizarre claims that have been filed with the provider throughout the summer months, to draw attention to the importance of being careful to protect animals from the unique risks that are presented throughout the hottest parts of the year, and to the difference that coverage can make. The Pets Best Insurance Services, LLC list of bizarre claims has now…